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Gambling in the USA

After being legalized, sports betting in New Jersey can surpass Las Vegas

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Among the major states in the United States, New Jersey has become the “leader” in promoting sports gambling. In early 2012, former New Jersey governor Chris. Christie signed a legal proposal to allow sports betting in New Jersey.

However, due to the obstruction of four major professional sports tournaments in North America and the NCAA Association, this proposal was not established. Over the next few years, New Jersey did not stop trying, and after the sports ban was lifted, the state became one of the most prepared regions in the United States.

On June 13, with the Governor of New Jersey, Phil. Murphy signed a law about legalizing sports betting. New Jersey game revenue in June reached $ 233 million, up 7.3% from $ 217 million in the same period last year.

Meanwhile, Las Vegas game revenue has dropped. Last December, Las Vegas’s revenue for the whole month was $ 571 million, down 3.2% from the same period last year. Since October last year, Las Vegas’s gaming industry has been declining for three consecutive months. 6%. If both states maintain their current positions, New Jersey will overtake Las Vegas in the next few years and become the new largest “gambling city” in the United States.

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According to Adam, analytical director of the US DGS game industry. Smo’s analysis, sports betting will become an important tool for New Jersey to overcome Nevada. In the sports betting industry, consumers are willing to gamble on the Internet for the timeliness of the game, instead of going to casinos to place bets. New Jersey is the first region in the country that promotes online gambling. At the same time, the state’s online gambling industry is currently one of the best in the United States.

On the other hand, New Jersey’s population and per capita income are much higher than Nevada. According to 2017 statistics, New Jersey has a population of nearly 9 million and a per capita income of $ 36,000. In contrast, Nevada has a population of less than 3 million and a per capita income of $22,000, the gap between the two sides very clear.

The legalization of sports betting not only boosts the potential for a large service industry for New Jersey but also brings a large tax.

Of course, Las Vegas also has its own advantages. As a “gambling city” in the United States, Las Vegas is well known and most of the state’s tourism revenue comes from tourists each year. In addition, Las Vegas also has dining and entertainment facilities associated with the gambling industry, which is the reason to attract tourists to Nevada.

In the future, Sports Betting Online NJ will be lifted and issued in more places in the United States. Sports gambling has been allowed in New Jersey, Delaware, Mississippi and Nevada, and West Virginia and Rhode Island are also interested in promoting the Sports Betting Act. With a huge market for sports betting, the US gaming industry will welcome the next big highlight.

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Major Casino Operators Ready to Invest if Georgia Lifts Casino Ban

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As discussions about legalizing gambling in Georgia gain momentum, major casino operators like Wynn Resorts and Boyd Gaming are poised to lead the charge if the state changes its restrictive laws.

During a recent Georgia House study committee meeting, Christopher Gordon, president of Wynn Resorts’ development arm, expressed keen interest in building a multibillion-dollar casino should legal barriers be removed. Similarly, Boyd Gaming’s government affairs vice president Ryan Soultz highlighted Georgia’s market attractiveness.

Wynn’s model would be similar to its $2.6 billion Encore Boston Harbor, suggesting that a new Georgia casino could employ up to 4000 workers and contribute substantial gaming tax revenue.

Although specific locations have not been chosen, both companies have indicated they would need constitutional changes to move forward. Their willingness to invest heavily in the Peach State demonstrates a strong belief in the untapped potential of the state’s gambling market.

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Such developments offer a compelling argument for lawmakers to consider gambling expansion, marking a shift toward economic incentives as a primary motivator for legislative change.

Should Georgia proceed with legalizing casino gambling, the legislative language will be crucial in shaping the industry’s landscape. Key proposals may include requiring casino companies to invest at least $1.2 billion per resort and generate a minimum number of jobs, often set at around 10,000 per license. This ensures that any developments bring tangible benefits to the local economy.

Additional legislative demands include rigorous background checks for key personnel, proven industry experience, and adherence to strict technical and financial standards. Only companies with substantial capital and robust infrastructure, like Wynn Resorts and Boyd Gaming, are likely to meet these stringent requirements.

The post Major Casino Operators Ready to Invest if Georgia Lifts Casino Ban appeared first on Gaming and Gambling Industry in the Americas.

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Gambling in the USA

Plaza Hotel & Casino to welcome the U.S. National Champions Summerlin South All Stars to be TNT Ignitors for Welcome to the Weekend Friday Fireworks, next Friday, Sept. 5

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The Plaza Hotel & Casino will welcome the U.S. National champions, the Summerlin South All Star team to be the special guest TNT Ignitors of the property’s Welcome to the Weekend Friday Fireworks show, next Friday, Sept. 5 at 9:15 p.m., taking place on the Plaza’s rooftop pool deck.

“Getting to ignite the Plaza’s amazing fireworks show is a great honor for the team,” said Chris Mallory, president of Summerlin South. “And we thank the Plaza and Jonathan for the warm welcome and fun celebration planned for the team, including a pizza party for them and their families.”

“All of Las Vegas is proud of the accomplishments that the Summerlin South team made in the All Star postseason,” said Jonathan Jossel, CEO of the Plaza Hotel & Casino. “We look forward to hosting the team and their families, and we hope all of their fans come out to celebrate with them and enjoy the fireworks show.”

The summer fireworks shows are staged from the top of the Plaza’s South Tower every Friday at 9:15 p.m. from May through September.

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The public can watch the Welcome to the Weekend Friday Fireworks Show for free at the rooftop pool, at Carousel Bar under the Plaza’s iconic dome, and from in front of the Plaza on Main Street, which will be closed to vehicular traffic during the show for viewing the fireworks from Carson Avenue to Ogden Avenue.

The Plaza’s fireworks will be dependent on weather conditions and are subject to change or cancellation. Updates will be available on the Plaza’s social media channels, including Facebook, Instagram and Twitter.

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Gambling in the USA

New Hampshire Charitable Gaming Revenue Hits $24.8M in July

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New Hampshire charitable gaming revenue has reached $24.8 million last month, up from the previous year’s figure of $14.5 million, boosted by the opening of new casinos.

The latest figures come from the New Hampshire Lottery and Gaming Commission, which shows that of the 15 casinos, only four saw losses, while four others were not in operation last July.

The Nash Casino, which opened in March, generated the highest revenue of all the casinos – $5.8 million.

The highest year-over-year increase was seen by the Revo Casino Lebanon, which opened in a new location in December, and saw revenue rise by 321% from $387,836 to over $1.6 million.

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Other notable rises were seen from the Lakes Region Casino, which generated an increase of 24% year-over-year and The Brook, which saw a 17% rise from $4.7 million to $5.5 million.

The biggest declines came from The Lucky Moose Casino, where profits dropped by 79% from $666,454 to $139,748, and the Gate City Casino, which saw profits fall by 16% from $2.7 million to $2.3 million.

Historic horse racing revenue rose by 85% year-over-year, from $10.6 million to $19.7 million, while games of chance revenue increased by 53% from $3.3 million to $5.1 million.

The post New Hampshire Charitable Gaming Revenue Hits $24.8M in July appeared first on Gaming and Gambling Industry in the Americas.

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